ASX ANNOUNCEMENT / MEDIA RELEASE ASX:ABUTables 1 and 2 in the appendix.
18 July 2016
Exploration Update – Suplejack Project
ABM Resources NL (“ABM” or the “Company”) is pleased to report that the recently announced (ASX 2
June 2016) reverse circulation (RC) drilling program at the Suplejack Project has been completed with a
total of 84 holes for 8,346 metres drilled. All assay results from the Tethys Prospect, which is situated
on the Hyperion trend to the east of the current resource (see appendix for details) and was the primary
target of this drilling program, have now been received.
Highlights
• 22 of the 33 holes completed at Tethys returned significant gold intercepts, including:
− Hole TYRC100001 – 17 metres at 5.74g/t gold
− Hole TYRC100003 – 26 metres at 2.56g/t gold
− Hole TYRC100006 – 21 metres at 2.89g/t gold
− Hole TYRC100028 – 7 metres at 13.17g/t gold
− Hole TYRC100030 – 18 metres at 4.52g/t gold
• The drilling results confirm that gold mineralisation on the Hyperion trend extends over a
strike length of at least 1,300 metres
• All mineralisation at Tethys/Hyperion remains open at depth
• Follow-up RC and diamond drilling is planned
The Tethys Prospect is situated within the Suplejack Project area on exploration license EL9250 in the
northern Tanami. The latest drilling indicates that Tethys represents a significant extension of the
Hyperion mineralised system.
Geology at Hyperion consists of steeply dipping sedimentary rocks (sandstone and shale), dolerite and
basalt. Mineralisation is considered to be associated with a granite dyke or sill and is typically evidenced
by quartz veining and elevated alteration of the host rocks. The upper parts of the system are generally
leached, with mineralisation tenor increasing from 20 metres depth.
In the recent drilling program, 33 RC holes were completed for a total of 3,288 metres. The drill holes
were designed to confirm and extend gold mineralisation identified by air-core drilling in 2015 (ASX 26
August 2015). This objective was achieved with 36 significant gold intercepts returned from 22 of the
33 completed holes. Collar positions for the new RC holes are shown in Figure 1 below with selected
major intercepts labelled. Drill hole coordinates and details of all significant intercepts are presented in
For some reason H.C. -Has not update with this announcement
here are some results more to follow.
salt
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